CalPortland's Strategic Acquisition Boosts Concrete Operations
CalPortland's Exciting Acquisition Announcement
CalPortland has made a significant step forward by acquiring the aggregate and ready mixed concrete business assets from Grimes Rock, Inc. This strategic move is anticipated to bolster CalPortland's operations considerably.
Enhancing Growth and Sustainability
According to Allen Hamblen, President and CEO of CalPortland, the integration of Grimes Rock employees into their team signifies the company's dedication to strategic growth. This acquisition will enable them to further enhance their sustainable offerings, ensuring that quality building materials are accessible to their customers.
Expansion in Southern California
The acquired assets will improve CalPortland’s operational reach and capabilities, particularly in the Southern California region. It encompasses the ready-mixed concrete and recycling operations present in Oxnard, alongside aggregate facilities located in Fillmore.
About CalPortland Company
CalPortland Company stands as a trusted producer of various construction materials such as cement, ready mixed concrete, aggregates, and asphalt within the western United States and Canada. Established in 1891, CalPortland continues to lead the industry owing to its commitment to quality, safety, and environmental integrity. The company operates out of its headquarters in Summerlin, Nevada.
Frequently Asked Questions
What did CalPortland acquire in this announcement?
CalPortland acquired the aggregate and ready mixed concrete business assets of Grimes Rock, Inc. and its affiliates.
How does this acquisition benefit CalPortland?
This acquisition enhances CalPortland’s geographical presence and operational capabilities, allowing for improved service delivery in competitive markets.
Who is the CEO of CalPortland?
Allen Hamblen serves as the President and CEO of CalPortland Company.
Where is CalPortland headquartered?
CalPortland Company maintains its headquarters in Summerlin, Nevada.
What types of products does CalPortland produce?
CalPortland produces cement, ready mixed concrete, aggregates, concrete products, and asphalt, catering to various construction needs.
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